By: Mahmoud Gamal
Mubasher: UAE stock market investors are expected to focus their trading activity on blue chips during this week, as stocks reached low levels and dividends continue to be distributed, analysts told Mubasher.
The main index of the Dubai Financial Market (DFM) is forecast to target a technical level between 3,720 points and 4,000 points, with liquidity being pumped into the market, the CEO of Think Financial Studies, Fadi Al Ghattis, said.
Investors are still worried about companies’ balance sheets, the CEO said, noting that such worries will be confirmed depending on the first quarter’s financial statements, which will be disclosed by the end of March.
DFM may see a positive rebound in the coming period, which will witness a demand on stocks carrying good dividend payout, capital market analyst Muhammad Al Azmi said.
